XXXXX DIRECTORS’ REPORT
During the month of August 2021 sales declined by 32% because of lockdowns which was sufficient for the Company to be eligible for the Government Jobsaver program for that month. Status of incorporation During the financial year the company converted from a company limited by guarantee to a company limited by shares. All voting shareholders own health food stores. Auditors Independence Declaration The Auditor’s Independence Declaration on page 35 forms part of this Director’s Report. Signed in accordance with a resolution of the Board of Directors:
Insurance of Officers During the year, the Company paid a premium to insure officers of the Group. The officers of the Group covered by the insurance policy include all Directors. The policy wording includes a confidentiality clause which prohibits the disclosure of the nature of the liabilities covered and the amount of the premium paid. The Corporations Act 2001 does not require disclosure of the information in these circumstances. A deed of indemnity has been executed by all Directors and Officers. Proceedings on Behalf of Company No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings. The company was not a party to any such proceedings during the year. After balance date events There have been no events since 30 June 2021 that impact upon the financial report.
Clinton Hayes Director
6 October, 2021.
I GO VITA GROUP LIMITED ANNUAL REPORT 2020-2021 34
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